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1994-06-21 Resolution 94
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1994-06-21 Resolution 94
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7/23/2008 5:48:54 PM
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I <br /> <br />Section 7. The Secretary is authorized and directed to <br />place copies of the Trust Indenture, the Purchase Contract and the <br />Preliminary Official Statement presented to the Authority in the <br />minute book immediately following the minutes of this meeting and <br />said documents are made a part of this Resolution as if the same <br />were fully set forth herein. <br />Section 8. Prior to the delivery of the Bonds, the <br />President, Vice- President and Secretary-Treasurer shall be <br />authorized to investigate, negotiate and obtain a letter of credit <br />with The Fuji Bank, Limited, New York Branch, for the Bonds. The <br />President, Vice-President and Secretary are authorized to enter <br />into a letter of credit and reimbursement agreement and any <br />agreements related to such letter of credit and reimbursement <br />agreement to obtain a letter of credit for the Bonds in such forms <br />as may be acceptable to such officers upon the advice of legal <br />counsel together with such changes and modifications as may be <br />approved by the President, Vice-President or Secretary, said <br />officers' execution to be conclusive evidence of their approval of <br />such changes. <br />Section 9. Prior to the delivery of the Bonds, the <br />President, Vice President and Secretary-Treasurer shall be <br />authorized to investigate, negotiate and obtain an interest rate <br />cap agreement with The First National Bank of Chicago to provide <br />an interest rate cap for the Bonds. Also, the President, Vice- <br />President and Secretary are authorized to investigate, negotiate <br />and obtain a remarketing agreement with First Chicago Capital <br />Markets, Inc., to provide for remarketing of the Bonds. The <br />
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